Interchange
- Company typePrivate
- Founded2024
- HeadquartersVancouver, United States
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
Interchange firmographics
Firmographics- Name
- Interchange
- Legal name
- Interchange Financial Technologies Inc.
- Website
- https://interchange.com
- Company type
- Private
- Founded year
- 2024
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Interchange industry classification
Industry- Product category
- Correspondent Clearing and Custody Platform
- NAICS
- Securities and Commodity Contracts Intermediation and Brokerage (5231)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Institutional API Connectivity, OMS/EMS & FIX Gateways (FSADAJAJ)
- akta.pro secondary industries
- Institutional Multi-Asset Trading Platforms (OTC/RFQ) (FSAFAEAB), Electronic/Direct Market Access (DMA) & Sponsored Access (FSACAFAI)
Keywords
Where Interchange is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Interchange business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales
Revenue model
- Correspondent Clearing and Custody Services: Provides execution, clearing, settlement, custody, and recordkeeping services to introducing broker-dealers, investment advisers, banks, trust companies and fintechs under a clearing agreement. Revenue likely derived from transaction fees and platform access charges.
- API Platform Access: Developer platform providing API access for integration with clearing services. Payment terms separately agreed in writing per platform agreement.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Interchange product offering
Product offeringCore offering
Interchange provides an event-driven execution, clearing, and custody platform with direct connectivity to U.S. financial markets (DTC, NSCC, Nasdaq Stock Market, FINRA), purpose-built for introducing broker-dealers, investment advisers, banks, trust companies, and fintechs. Its two core products are Interchange Equities (a vertically integrated equities execution, clearing, and custody platform) and Interchange Treasury (a 100% automated money market fund sweep with zero human intervention). Access is delivered API-first through a developer portal with a production-mirror sandbox, with production access granted under a separate Clearing Agreement.
Product overview
Interchange is an event-driven execution, clearing, and custody platform with direct connectivity to U.S. financial markets, purpose-built for powering the next generation of securities-based products. The company offers two core products: Interchange Treasury (a 100% automated money market fund sweep launched February 2026) and Interchange Equities (a vertically integrated equities execution, clearing, and custody platform launched April 2026). Both products share a single unified platform built from scratch with real-time, event-driven architecture, directly connected to DTC, NSCC, Nasdaq Stock Market, and FINRA. The platform auto-generates APIs and documentation from formal specifications. Additional features include a money market sweep cash management feature, Limited Purpose Margin capability, and a sandbox environment for testing.
Differentiator
Problem solved
Functional benefit
Brands
- Interchange Equities: A vertically integrated equities execution, clearing, and custody platform for broker-dealers, investment advisers and other financial institutions
- Interchange Treasury
- Interchange Clearing LLC
Products and services
- Interchange Equities Vertically integrated equities execution, clearing, and custody platform designed for broker-dealers, investment advisers, and financial institutions to build securities-based products on a real-time, event-driven system of record.
- Interchange Treasury Automated money market fund sweep product with zero human intervention, enabling correspondent clients to enroll their customers in a sweep plan that automatically purchases and redeems shares in designated money market funds at a stable $1.00 NAV.
- Correspondent Clearing and Custody Services End-to-end execution, clearing, settlement, custody, and recordkeeping services provided to introducing broker-dealers, investment advisers, banks, trust companies, and fintechs under a Clearing Agreement.
- Interchange Clearing Platform (Developer API Platform) API-first developer platform that grants correspondent clients access to integrate with clearing services, enabling transmission, receipt, and confirmation of orders as part of the Clearing Services. The platform auto-generates APIs from a formal specification layer and is supported by a production-mirror sandbox and developer documentation.
Quantifiable outcome
- 18 months from first line of code to live correspondent clearing with all regulatory approvals
- +1 more outcomes
Companies that use Interchange
Customer profileSegments4 records
Ideal customer profiles4 records
Interchange technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature6 records
Interchange partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- JPMorgan Asset ManagementcoreStrategic partner providing money market funds for the Treasury sweep product. JPMorgan Asset Management is a subsidiary of JPMorgan Chase & Co. (NYSE: JPM), providing access to their entire suite of money market funds primarily invested in U.S. Treasuries and short-term government securities.
Scale indicators3 records
Recent moves7 records
Expansion highlights5 records
Interchange competitors and assessment
Company assessmentDirect peers
- Alpaca: Alpaca is an API-first brokerage and custody infrastructure provider serving developers, fintechs, and institutions. Competes directly with Interchange's API-first correspondent clearing and equities execution value proposition for embedded investing use cases.
- Tradier: Tradier is a cloud-based brokerage infrastructure platform providing APIs for trade execution, clearing, and account management to fintechs and broker-dealers. Direct competitor in the API-first correspondent clearing category for digital platforms.
- Apex Fintech Solutions: Apex is the largest US correspondent clearing and custody platform for introducing broker-dealers, RIAs, and fintechs (Robinhood, SoFi, etc.). Most direct comparison to Interchange: same customer segments, same regulatory memberships, same API-first thesis, but at vastly greater scale.
- DriveWealth: DriveWealth provides fractional-share equities execution, clearing, and custody infrastructure embedded into digital platforms globally. Comparable to Interchange Equities in offering API-first brokerage-as-a-service to fintechs and international broker-dealers.
Emerging players
- Public.com: Public is an investing platform that previously relied on Apex for clearing and has explored proprietary infrastructure. Comparable to Interchange's customer base of digital-first brokerages and represents both a potential customer and a competitor in offering differentiated investing experiences.
- Titan: Titan is a digital wealth management and investing platform for retail investors that historically has relied on third-party clearing infrastructure. Comparable as a fintech in Interchange's target customer segments, and a founder/operator participated in Interchange's seed round.
Broad incumbents
- BNY Mellon Pershing: Pershing (owned by BNY Mellon) is one of the largest US correspondent clearing firms serving broker-dealers, RIAs, and banks with clearing, custody, and trading infrastructure. Comparable to Interchange in customer base, but operates at much greater scale on a legacy batch-processing stack.
- Robinhood: Robinhood is a large retail broker-dealer that built proprietary clearing and custody infrastructure to power its own and partner platforms. Comparable as a vertically integrated, technology-led broker-dealer; relevant because potential Interchange customers compete with or complement Robinhood Markets.
- Interactive Brokers: Interactive Brokers is a large, technology-forward broker-dealer offering execution, clearing, custody, and prime brokerage globally via APIs and platforms. Comparable to Interchange in the API-first and direct-market-access dimensions, but operates at vastly greater scale across many asset classes.
Others
- Plaid: Plaid provides API connectivity for fintech applications to financial institutions, enabling account linking, identity, and data flows. Adjacent to Interchange in the developer-first infrastructure layer for fintechs, but operates in bank-data connectivity rather than securities clearing.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Interchange social profiles
Digital presenceInterchange compliance and trust
Trust signalCompliance8 records
Interchange financial estimates
Financial estimateRevenue estimate
Valuation estimate
Interchange leadership team
Management profileNumber of profiles
Profiles1 record
Interchange subsidiaries and ownership
Company hierarchySubsidiaries1 record
Interchange funding detail
Funding detailFunding overview
Funding rounds1 record
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Interchange M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Interchange
What does Interchange do?
Interchange provides an event-driven execution, clearing, and custody platform with direct connectivity to U.S. financial markets (DTC, NSCC, Nasdaq Stock Market, FINRA), purpose-built for introducing broker-dealers, investment advisers, banks, trust companies, and fintechs. Its two core products are Interchange Equities (a vertically integrated equities execution, clearing, and custody platform) and Interchange Treasury (a 100% automated money market fund sweep with zero human intervention). Access is delivered API-first through a developer portal with a production-mirror sandbox, with production access granted under a separate Clearing Agreement.
Is Interchange a public or private company?
Interchange is a private company. It is classified as venture growth investor backed and is currently operating.
When was Interchange founded?
Interchange was founded in 2024. It employs 1 to 10 people.
Where is Interchange based?
Interchange is headquartered in Vancouver, United States, in the North America region.
How does Interchange make money?
Two revenue lines are on record. Correspondent Clearing and Custody Services are the primary driver. The others are API Platform Access.
Who are Interchange's main competitors?
Direct peers on record are Alpaca, Tradier, Apex Fintech Solutions and DriveWealth. Emerging players are Public.com and Titan. Broad incumbents are BNY Mellon Pershing, Robinhood and Interactive Brokers. Plaid is listed as an others.
Does Interchange have an API?
Yes. Interchange provides an API that grants correspondent clients access to integrate their platforms with clearing services. The API enables transmission, receipt, and confirmation of orders as part of the Clearing Services. A sandbox environment (Sandbox Access) is available for evaluation purposes, which mirrors production 1:1. Documentation is available at portal.interchange.com/docs. Developer documentation is at portal.interchange.com/docs.
What industry is Interchange in?
Interchange's product category is Correspondent Clearing and Custody Platform. Its primary akta.pro industry code is FSADAJAJ, Institutional API Connectivity, OMS/EMS & FIX Gateways, with a secondary code of FSAFAEAB, Institutional Multi-Asset Trading Platforms (OTC/RFQ). Its NAICS code is 5231 and its SIC code is 6200.